Section 9-227 - Business personal property that is computer software.
§ 9-227. Business personal property that is computer software.
(a) Authorized.-
(1) Except as provided in paragraph (2) of this subsection, the governing body of a county or municipal corporation may grant, by law, a property tax credit for up to 100% of the county or municipal property tax imposed on business personal property that is computer software.
(2) A credit against the county or municipal property tax may not be granted for personal property already exempt from taxation under § 7-238(b) of this article.
(b) Procedures to determine amount of credit and conditions of eligibility.- The governing body of a county or municipal corporation may adopt procedures to determine the amount and the conditions of eligibility and method of application of the property tax credit.
[1996, chs. 155, 156; 1997, ch. 14, § 1.]